5. For the purpose of discharging its functions, REPPIA may exercise all or any of the following powers:
| (a) to acquire in any manner, and hold, take or give on lease or hire, mortgage, pledge, sell or otherwise dispose of any movable or immovable property; |
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| (b) to clear and re-develop affected property vested in the State by virtue of a determination under section 22, or revested in the State under section 23 ; |
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| (c) to enter into and perform all such contracts, as it may consider necessary for the discharge of its functions; |
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| (d) to accept gifts, grants, donations or subsidies whether in cash or otherwise, and to apply them in the discharge of its functions; |
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| (e) to do all such acts or things as are incidental to or consequential to the discharge of its functions. |
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Sri Lanka Consolidated Acts